From 2018 to 2023, the average import price of uranium resources fluctuated significantly. In 2019, the average import price of uranium in China was 125.2 USD per kilogram, a year-on-year increase of 38.3%. According to the analyst's analysis, from 2019 to 2021, the average import price of uranium resources continuously declined, reaching 96.5 USD per kilogram in 2021. In 2022, the average import price of uranium resources surged to 147.7 USD per kilogram, a 53% increase compared to 2021. In 2023, the average import price slightly decreased to 137.7 USD per kilogram.
China primarily imports two types of uranium resources: natural uranium and enriched U-235 uranium. In 2023, China imported 16,866.8 tons of natural uranium, accounting for 96.6% of the total import volume, with an import value of 1.87 billion USD, representing 78.0% of the total import value. In 2023, China imported natural uranium from four countries and regions. According to the analyst's analysis, Kazakhstan was China's largest source of natural uranium imports by volume. In 2023, China imported 11,132.5 tons of natural uranium from Kazakhstan, accounting for 66% of the total natural uranium imports, with an import value of 1.27 billion USD, accounting for 67.8% of the total natural uranium import value.
China's domestic uranium resources are insufficient, leading to a heavy reliance on imports. Nuclear power generation in China accounts for about 5% of the country's total electricity generation, indicating significant room for growth. The analyst predicts that from 2024 to 2033, as China's nuclear power installed capacity continues to increase, the demand for uranium resources will keep rising, and China's uranium resources imports are expected to grow steadily.
Topics covered:
- China’s Uranium Resource Imports and Major Sources, 2018-2023
- Key Drivers and Market Opportunities for China's Uranium Resource Imports
- What are the main drivers, challenges, and opportunities for China's uranium resource imports during the forecast period of 2024-2033?
- Which countries are the major sources of China's uranium resource imports, and what are their export size and average price?
- What is the expected revenue for China's uranium resource import market during the forecast period of 2024-2033?
- What strategies have the key players in the market implemented to increase their market share in this industry?
- Which segment of the Chinese uranium resource import market is expected to dominate the market by 2033?
- What are the competitive advantages of the key players in China's uranium resource import market?
- What is the impact of economic uncertainty on China's uranium resource imports?
- What are the main limiting factors restricting the growth of China's uranium resource imports?
Table of Contents
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | October 2024 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value in 2024 | 16390 Tons |
| Forecasted Market Value by 2033 | 25252 Tons |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | China |
